Comstock Resources Inc. (CRK) Shares Up 5.4%
Comstock Resources Inc. (NYSE:CRK)’s share price shot up 5.4% during trading on Thursday . The company traded as high as $5.83 and last traded at $5.62, with a volume of 421,361 shares changing hands. The stock had previously closed at $5.33.
Separately, Zacks Investment Research cut shares of Comstock Resources from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.00.
The firm has a 50-day moving average price of $4.46 and a 200-day moving average price of $4.23. The company’s market cap is $68.65 million.
Comstock Resources (NYSE:CRK) last released its earnings results on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by $3.39. During the same period in the prior year, the business posted ($1.11) EPS. The firm earned $40.72 million during the quarter, compared to the consensus estimate of $39.16 million. The company’s revenue was down 47.3% on a year-over-year basis. Equities analysts predict that Comstock Resources Inc. will post ($12.97) earnings per share for the current year.
Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.
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